TWISE: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
TWISE
Largest movements
- Cash +€23,425
up €23,425 (+83.0%), from €28,209 to €51,634
mainly Net result for the year (+€40,265) and Depreciation (+€15,485)
- Tangible fixed assets -€15,485
down €15,485 (-34.4%), from €45,063 to €29,578
- Deferred charges and accrued income -€1,630
down €1,630 (-49.9%), from €3,267 to €1,637
- Receivables within one year +€1,313
up €1,313 (+6.5%), from €20,340 to €21,653
- Reserves +€39,406
up €39,406 (+271.7%), from €14,502 to €53,908
- Other debts -€15,916
down €15,916 (-90.9%), from €17,518 to €1,602
- Debts after one year -€13,609
down €13,609 (-53.7%), from €25,345 to €11,736
- Trade debts -€3,105
down €3,105 (-64.5%), from €4,814 to €1,709
- Gross operating margin +€38,184
up €38,184 (+111.1%), from €34,373 to €72,557
- Taxes +€8,689
up €8,689 (+191.2%), from €4,545 to €13,234
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €96,879 | €104,502 | +€7,622 | +7.9% |
| Fixed assets | 21/28 | €45,063 | €29,578 | -€15,485 | -34.4% |
| Tangible fixed assets | 22/27 | €45,063 | €29,578 | -€15,485 | -34.4% |
| Leasing and similar rights | 25 | €45,063 | €29,578 | -€15,485 | -34.4% |
| Current assets | 29/58 | €51,816 | €74,924 | +€23,108 | +44.6% |
| Amounts receivable within one year | 40/41 | €20,340 | €21,653 | +€1,313 | +6.5% |
| Trade receivables | 40 | €20,340 | €21,653 | +€1,313 | +6.5% |
| Cash at bank and in hand | 54/58 | €28,209 | €51,634 | +€23,425 | +83.0% |
| Deferred charges and accrued income | 490/1 | €3,267 | €1,637 | -€1,630 | -49.9% |
| Total equity and liabilities | 10/49 | €96,879 | €104,502 | +€7,622 | +7.9% |
| Equity | 10/15 | €17,502 | €56,908 | +€39,406 | +225.2% |
| Contributions | 10/11 | €3,000 | €3,000 | = | 0.0% |
| Reserves | 13 | €14,502 | €53,908 | +€39,406 | +271.7% |
| Distributable reserves | 133 | €14,502 | €53,908 | +€39,406 | +271.7% |
| Profit (loss) carried forward | 14 | €0 | €0 | = | |
| Amounts payable | 17/49 | €79,378 | €47,594 | -€31,784 | -40.0% |
| Amounts payable after more than one year | 17 | €25,345 | €11,736 | -€13,609 | -53.7% |
| Financial debts | 170/4 | €25,345 | €11,736 | -€13,609 | -53.7% |
| Amounts payable within one year | 42/48 | €54,032 | €35,845 | -€18,188 | -33.7% |
| Current portion of amounts payable after more than one year | 42 | €13,109 | €13,609 | +€500 | +3.8% |
| Trade debts | 44 | €4,814 | €1,709 | -€3,105 | -64.5% |
| Suppliers | 440/4 | €4,814 | €1,709 | -€3,105 | -64.5% |
| Taxes, remuneration and social security | 45 | €18,591 | €18,925 | +€334 | +1.8% |
| Taxes | 450/3 | €18,591 | €18,925 | +€334 | +1.8% |
| Other amounts payable | 47/48 | €17,518 | €1,602 | -€15,916 | -90.9% |
| Accrued charges and deferred income | 492/3 | €0 | €13 | +€13 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €15,485 | €15,485 | = | 0.0% |
| Other operating charges | 640/8 | €1,768 | €2,210 | +€442 | +25.0% |
| Gross operating margin | 9900 | €34,373 | €72,557 | +€38,184 | +111.1% |
| Operating profit (loss) | 9901 | €17,120 | €54,861 | +€37,741 | +220.5% |
| Financial income | 75/76B | €15 | €80 | +€65 | +428.6% |
| Recurring financial income | 75 | €15 | €80 | +€65 | +428.6% |
| Financial charges | 65/66B | €1,975 | €1,441 | -€533 | -27.0% |
| Recurring financial charges | 65 | €1,975 | €1,441 | -€533 | -27.0% |
| Profit (loss) for the period before taxes | 9903 | €15,160 | €53,499 | +€38,339 | +252.9% |
| Income taxes | 67/77 | €4,545 | €13,234 | +€8,689 | +191.2% |
| Profit (loss) for the period | 9904 | €10,615 | €40,265 | +€29,650 | +279.3% |
| Profit (loss) for the period to be appropriated | 9905 | €10,615 | €40,265 | +€29,650 | +279.3% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 7 October 2026 via checked.be.